Question

An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate

a.

profit variance

b.

investment variance

c.

cost variance

d.

selling price variance

Answer: (d).selling price variance

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. An actual selling price is subtracted from budgeted selling price, and then multiplied to actual sold units to calculate

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. Number of units are multiplied to per unit price, to calculate

Q. The budget which calculates the expected revenues and expected costs, based on the actual output quantity is named as

Q. If the static budget is $405000 and the flexible budget amount is $620000, then the sales budget variance will be

Q. If the flexible budget amount is $27000 and flexible budget variance is $12000, then actual result amount would be

Q. The number of units are 5000 and the per unit price is $60, then the flexible budget variable would be

Q. If the flexible budget amount is $82000 and the actual result is $45000 then the flexible budget amount will be

Q. The difference between the flexible budget amount and the corresponding static budget amount is classified as

Q. If an actual selling price is $400, an actual result is $250 and an actual units sold are 500, then the selling price variance will be

Q. If the sales budget variance for operating income is $58000 and the static budget amount is $15000, then flexible budget amount will be

Q. If the number of units are 3000 and the per unit price is $500, then the flexible budget variable will be

Q. If the static budget amount is $6000 and the flexible budget amount is $15000, then the sales volume variance will be

Q. The production volume variance is also called

Q. In the budgeted fixed overhead rate, the number of machine hours are considered as

Q. An indirect support labor costs and costs of indirect energy are considered as

Q. An actual quantity of cost allocation base is $56000, budgeted quantity of cost allocation base is $17000, then the variable overhead efficiency variance is

Q. The step of installing production scheduling procedure, to improve plant operations is considered as

Q. The process of ensuring preventive measure to be done in all machines is classified as

Q. If an actual cost incurred is $627500, the flexible budget amount is $358750, then fixed overhead variance of flexible-budget will be

Q. If an actual variable quantity is 50, the actual and budgeted overhead cost of allocation is $7550 and $4500 respectively, then the variable overhead spending variance could be

Q. An unfavorable volume-production variance is used to measure the amount of

Recommended Subjects

Are you eager to expand your knowledge beyond Cost Accounting? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!